Octopus saving sessions coming 1st Nov

[Ronski]

Presumably that's per MWh, so 17.5p per kWh?

Octopus not bidding, I expect they are as disallusioned as us

[Stinsy]

I don;t understand why Octopus' 25p bids are consistently rejected when they pay FF companies over £1 to generate!

[dan_b]

It doesn’t make any sense

[Tinbum]

Dare I say possibility again today.

[AE-NMidlands]

It doesn’t make any sense

It does if you see it as designed to keep directing the money into the pockets of an inner circle and to make sure that the ordinary part of the population cannot benefit...

[dan_b]

I think what it means is that the System Operator/Balancing Mechanism gives greater value to having the headroom from guaranteed spare additional generation capacity, and thus more solid guarantee of stability, rather than headroom from demand reduction which may or may not be as much as forecast at any one point, and may or may not be in the right places as far as the grid is concerned? And is therefore prepared to pay more for it?

Just a thought exercise?

[Ronski]

I think what it means is that the System Operator/Balancing Mechanism gives greater value to having the headroom from guaranteed spare additional generation capacity, and thus more solid guarantee of stability, rather than headroom from demand reduction which may or may not be as much as forecast at any one point, and may or may not be in the right places as far as the grid is concerned? And is therefore prepared to pay more for it?

Just a thought exercise?

That is my thoughts as well, taking the safer option.

But they ran enough trial's last year to gauge the amount of reduction available, surely they have a good idea

[Tinbum]

Octopus didn’t bother again.

£150 was the highest accepted.

[Tinbum]

Another posibility

[nowty]

Another posibility

I think thats the second consecutive one called late at 11am.

Edit - Last few were only a little late at 10:15, this one is the latest called this season.